Omni-Lite receives new orders in the Military, Aerospace and Automotive Divisions and reports record revenue in 1st quarter 2008

About this update from Omni-lite Industries Canada Inc.

[{"type":"text","content":"\n\n\n\nOML-TSX VENTURE\n\n\nCERRITOS, CA, April 15 /CNW/ - Omni-Lite Industries Inc. is pleased to\nannounce that it has received additional orders in the Military, Aerospace and\nAutomotive Divisions. The total value of these orders is approximately\n$470,000 US. Of particular significance, is a new Military contract that\ncomplements the programs previously announced. Through these initiatives,\nOmni-Lite is now in a critical position with regard to several modernization\nefforts underway in the US Army and Marine Corps. Many of these complex\nprograms are ideally suited to the sophisticated design, engineering,\nproduction and quality systems resident at Omni-Lite.\n\n\nThe Company is also pleased to announce that revenues for Q1 2008\nexceeded $1,963,000, an increase of 20% from revenues in the same fiscal\nperiod of 2007. "The record revenues of 2007 have been followed by record\nrevenues in Q1 of 2008," stated Tim Wang, CFO. "Given the backlog at hand, it\nis anticipated that 2008 will be another year of record revenue at the\nCompany."\n\n\nOmni-Lite is a rapidly growing high technology company that develops and\nmanufactures precision components utilized by 50 companies including Boeing,\nAirbus, Alcoa, Chrysler, the U.S. Military, Nike, adidas and Reebok.\n\n\nExcept for historical information contained herein this document contains\nforward-looking statements. These statements contain known and unknown risks\nand uncertainties that may cause the company's actual results or outcomes to\nbe materially different from those anticipated and discussed herein.\n\n\nTHE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE\n\n\nINFORMATION CONTAINED HEREIN.\n\n\n","length":1770,"tagName":"div"}]

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